From Oracle's board (60 Min, CBS): @Mo2exBG
18 replies (most recent on top)
This thread seems to have gone off track. It is about getting the h1b back to its original purpose - hiring h1b foreign employees that are high skilled and cannot be filled by American citizens. Today's loophole of such a low salary requirement enables Wall Street executives and India consulting companies to abuse BOTH the American worker and the h1b's. If a person meets the definition of highly skilled and no American worker can be found to fill the position then there should be no argument that the salary should be at least 140k a year for that h1b minimum.
https://qz.com/941399/indian-engineers-are-so-bad-that-hcl-technologies-wants-to-hire-high-school-graduates/
H1Bs are the present and future and will continue to be key to high tech companies.
You can ignore this fact but it is reality.
Cozy bay area perks like free food, backrubs, herman miller chairs, dual 27" apple monitors, the latest macbook pros, free ev charging, massive salaries...
Not worth putting up with bay area prices do it quicker" and now "do it with less".
Loss of this year's bonus ain't gonna help morale either. The only reason people I knew went to "fun fund" events was just so they could get out of the office & get a break from work. Grab the free food & get out.
I like free foods and perks like stocks. Does the Cisco have these things! I would like to come to such happy place.
Cozy bay area perks like free food, backrubs, herman miller chairs, dual 27" apple monitors, the latest macbook pros, free ev charging, massive salaries...in a sw industry that is growing low margin as a whole
One cannot grow cabbages and eat truffles daily. Sw is a hard fighting low margin business now. The world has caught up.
https://www.theatlas.com/charts/rk-LjMk3x
Chart shows est of new or 1..2 yrs exp sw engrs worldwide. Due to cheaper and reliable infra in most of usa the diff with bangalore is not as much as it looks..but ppl and cos have to be willing to quit cool nextgen places like seattle bay area san diego and work in wyoming alabama and louisiana....rents salaries water power will be cheaper than bangalore and wages a lot less than bay area
Thats one way to cut the cost factor or rather minimize but people young and old have to be willing
Does the Univ of Calif system now outsource a lot of their IT staff to Indian based or H1B companies? Seems ironic that they're training some of the best STEM students but outsource their own departments.
Remember when Detroit auto workers thought they were right to demand more benefits and ever growing salary? Worked great until jobs were shipped offshore and plants went toes up. Are unicorns and big companies inflating employee compensation to the point where business have little choice but h-1b's to be competitive?
To the less than genius poster, 2thp, just because the companies like cisco pay more to Tata doesn't mean that money makes it to the consultants. Tata simply makes more money on cisco contracts
It's both a demand and supply issue. There's no point doing an extremely expensive STEM degree if you cannot get a job that allows you to pay off your debt. Computer Science Dept's in many western Universities are now shadows of their former selves because nobody wants to do a job that competes with immigrants that can survive on a much lower wage.
So what did new Savior Mr. DJT has done so far to "protect" American workers from "H1B" invasion? I heard he is going to fix the visa system over next 2 years. By then Dems will be in majority in both houses reducing DJT to lame duck POTUS. H1B abuse continues until US is reduced to a "no longer a right country to migrate" .. Politicians are making fool out of Americans .. instead of blaming H1B for your misery, fix your education system K-12 through college and encourage American kids to go for the University STEM degrees.
Cisco exploits Infosys, Tata, Wipro, Tech Mahindra, etc.
I've watched high-performing Cisco employees impacted by layoffs, while the company quietly exploits outsourced consulting companies. Sad to watch a father with a mortgage lose his job in such a humiliating manner.
Cisco Services sends work to Bangalore b/c their cost is 1/3 that of a US based consultant, but they still bill the customer for the full rate. Ever wonder who is doing all the bug scrubs, design reviews etc..? Not some NCE in SJ or RTP.
You guys are really stupid. Some of the consulting companies pay H1Bs low salaries but most american companies such as Cisco, Microsoft, Google pay everybody equally. Now get back to work.
Companies need H1Bs more than H1Bs needs them otherwise why would there be such a high demand with visas running in a day.
If anything H1Bs should increase to 500K or more per year and this would not be enough.
http://www.breitbart.com/big-government/2017/03/14/goldman-sachs-almost-one-million-h-1b-foreign-workers-hold-university-level-jobs/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+breitbart+%28Breitbart+News%29&utm_content=FeedBurner
Goldman Sachs says the H-1B visa problem is much worse than reported. Supposedly 75% of U.S. STEM grads cannot get a job in the STEM field.
Goldman Sachs estimates that almost one million foreign H-1B contract workers are now employed in college-level jobs throughout the United States, even though many media outlets routinely say the federal government approves only 85,000 H-1B visas per year.
Companies have used them to fill enough outsourced jobs to fully employ nearly all Americans who graduated from college with skilled degrees in 2015 and 2016. This population of white-collar temporary workers has pushed many established U.S. workers out of jobs, partly because none of the visa programs require that Americans be hired before foreigners.
“I’m working at one of the Home Depot [hardware store] … there’s a lot of people in my position,” said Les, a former New York City technology worker for Disney, Pearson publishing, and other U.S. companies. He was pushed out of the business when companies outsourced their U.S. workplaces to Indian companies, many of which need U.S-based H-1B workers to link their U.S. clients to outsourcing offices in India. Les has a 13-year-old teenager to raise, and would return to the sector if he got a job offer, he said. “That’s what I know– it is not like I could go back to school to become a dentist or lawyer or a teacher,” he told Breitbart News.
University-trained Americans now face a growing economic threat from the inflow of university-grade contract workers.
No matter their skills, American white-collar workers face a huge disadvantage because the guest-workers have a much greater incentive to work long hours at low wages.
The green card numbers add up. For example, if 40,000 skilled workers get Green Cards each year for the next decade, that delivers another 400,000 foreign-born skilled workers into the U.S. labor market to compete against Americans. If two-thirds of those 400,000 future green card workers are information-technology H-1Bs, they will be enough to grab 54 percent of the extra 488,500 new technology jobs that the Bureau of Labor Statistics expects will be added to the economy over the next decade.
Et telecom...
BENGALURU/NEW DELHI: Infosys has decided not to apply for H-1B visas for junior employees, three sources with knowledge of the matter told ET, as the IT company comes to terms with the prospect of a tougher regulations governing the work visas.
Indian IT firms have long been dependent on the work visa, but a rising tide of protectionism means they are beginning to adjust their business models to reduce their reliance on the visa.
“The company is not applying for visas for employees with under four years of experience. We are talking to clients about offshoring more work to India, and the work done by junior employees can be brought to India,” an executive at the company told ET.
A second executive confirmed that the company had not raised visa requests for systems engineers and senior systems engineers, among the lowest rungs in the Infosys corporate ladder.
Earlier this year, US Congressmen have proposed a bill raising the minimum wage on the H-1B visa to over $130,000, more than double of what is mandated today. The increased rhetoric around outsourcing has also made some Infosys clients wary of being serviced by more employees on the work visas. “There are job requirements in the US, but some customers have started asking that fewer H-1B employees be deployed onsite on their projects. We are trying to hire more onshore to deal with this issue,” a third Infosys executive said.
A cursory search for professional social networking site LinkedIn shows as many as 150 jobs advertised for locations in the US in the last month. Some of the jobs posted ask for as little as two years of experience.
Infosys, which has entered the silent period ahead of its fourth-quarter earnings results next month, declined to comment for this story. The company’s inability to apply for visas for junior employees is also creating another problem.
“One of the easiest ways to retain people when they expressed dissatisfaction was to say that we will begin their visa process. This can no longer be used. Managers are now trying to find different ways to keep people on board,” one of the executives quoted above said. He added that this was a problem that would be faced by the entire industry and not just Infosys.
Tata Consultancy Services said that it had operated in a self-imposed visa-constrained environment this year and had applied to get only about 15% of the visas for which it normally applies. The combination of far higher minimum wages and a tighter visa regime means that in the future, junior employees are unlikely to make the coveted trip onshore.
Tags : Enterprise, Enterprise IT, visa for Infosys staff, Infosys, US work visa, H-1B visas, H-1B visa, Donald Trump
People should take the time to watch the h1b segment on 60 minutes. It is well balanced and discusses how both the American worker and h1b workers see how the program is being abused and leveraged in a way that was unintended. It is openly discussed how Corporations are using it for only one thing - cutting costs. It is not for gaining skills that can't be found in America. The h1b minimum wage requirements needs to be immediately raised significantly, then it will be much closer to working how it was intended. I am not real sure how corporations lost the basic principal that everyone and the economy benefit when people have good high paying jobs. The super high focus on costs rather than investment for growth has somehow been completely loss......especially at csco.